ACQUISITION OF NEESE, INC. (Tables)

12 Months Ended

Dec. 31, 2018

Acquisition Of Neese Inc.

Schedule of business acquisitions by acquisition, contingent consideration

Purchase Consideration
Cash Consideration	$	3,240,000
Add: Stock Paid, Minority Interest		852,864
Add: 8% Vesting Promissory Note		395,634
Add: 10% Promissory Note		1,025,000
Total acquisition price	$	5,513,498
Assets acquired and liabilities assumed at fair value
Cash	$	676,056
Accounts receivable		156,655
Prepaid expenses		90,238
Inventories		1,037,910
Property and equipment		6,167,104
Other assets		85,322
Accounts payable and accrued expenses		(209,913	)
Uncertain tax position		(129,000	)
Cash payable to seller		(337,645	)
Deferred tax liability		(2,079,395	)
Other liabilities
Net tangible assets acquired	$	5,457,332
Identifiable intangible assets and Goodwill
Intangible assets	$	34,000
Goodwill		22,166
Total Identifiable Intangible Assets and Goodwill	$	56,166
Total net assets acquired	$	5,513,498

Schedule of business acquisition pro forma information

	For the Year Ended December 31,
	2018			2017
Revenues, net	$	7,333,847		$	7,588,524
Net income (loss) allocable to common shareholders	$	(1,541,873	)	$	(608,293	)
Net income (loss) per share	$	(0.50	)	$	(0.20	)
Weighted average number of shares outstanding		3,115,625			3,115,625